New PMP Question & Answers with explanation

Half way through project executing, a team member alerts you to a potential cost overrun for a specific deliverable. What do you do first
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A project has a team member assigned to the project full time. What is the most likely effect on the project if that resource completes her activity sooner than planned?
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You are a project manager working on a project that requires 100 items to be tested, spaced evenly over five weeks. You have just begun week three, with an overall budget of us $10,000. To date, you have spent us $2,000 with 40 items tested successfully. What does the cost variance (CV) tell you in this circumstance?
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You are working on the performance reporting for the project you are managing. Schedule performance is the top constraint. As you are gathering the data, you need information for the formulas that you will be reporting on. Which of the following represents the value of work actually completed
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An estimate at completion (EAC) is an output of which of the following?
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